Villere ST Denis J & Co. LLC Sells 13,200 Shares of Frequency Electronics, Inc. $FEIM

Villere ST Denis J & Co. LLC lowered its stake in Frequency Electronics, Inc. (NASDAQ:FEIM) by 53.0% in the first quarter, HoldingsChannel.com reports. The firm owned 11,696 shares of the communications equipment provider’s stock after selling 13,200 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Frequency Electronics were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Frequency Electronics in the 3rd quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Frequency Electronics during the fourth quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in shares of Frequency Electronics during the fourth quarter valued at $27,000. Wexford Capital LP bought a new position in Frequency Electronics in the third quarter valued at about $32,000. Finally, BNP Paribas Financial Markets increased its position in Frequency Electronics by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 731 shares during the period. Institutional investors own 58.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Frequency Electronics in a research note on Monday, June 15th. Finally, Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $43.67.

Frequency Electronics Stock Performance

NASDAQ:FEIM traded down $3.74 during mid-day trading on Friday, hitting $57.33. The company had a trading volume of 152,289 shares, compared to its average volume of 210,682. Frequency Electronics, Inc. has a fifty-two week low of $18.70 and a fifty-two week high of $80.00. The business’s fifty day moving average is $65.50 and its two-hundred day moving average is $56.70. The firm has a market cap of $564.24 million, a P/E ratio of 76.44 and a beta of 0.71.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.